A TOTAL of 176 projects with a combined value of P4.54 trillion was certified for green lane services as of end-December, the Board of Investments (BOI) said.
Executive Order (EO) 18, signed by President Ferdinand Marcos Jr. in 2023, aims to enhance the ease of doing business in the Philippines by mandating the creation of green lane units in all government offices to expedite, streamline and automate processes for strategic investments.
The One-Stop Action Center for Strategic Investments endorses certified projects to local government units for the issuance of certificates of non-objection.
Of the projects, 141 involve renewable energy (RE) with investments totaling P4.13 trillion. The rest are in digital infrastructure, manufacturing and food security.
There are also eight digital infrastructure undertakings worth P352.13 billion; four in manufacturing (P36.9 billion) and 23 in food security (P14.37 billion).
In December alone, P39.8 billion in investments covering six projects were certified for green lane, led by a P12.7-billion wind power project in Luzon.
A total of 44 projects worth P1.93 trillion have registered with the BOI while 132 projects worth P2.61 trillion are still in the process of completing the requirements.
BOI Investments Assistance Center executive director Bobby Fondevilla said the success of the green lane initiative underscored the Philippines’ rising profile as a hub for strategic and sustainable investments.
“By fast-tracking approvals through EO 18, we’ve aligned these investments with our national priorities, including RE development, job creation and economic resilience,” he explained.
EO 18 was said to have drawn more foreign investments through relaxed ownership restrictions on RE projects — 46 are majority foreign-owned and 30 are fully owned by companies based in Singapore, Thailand, Malaysia and the British Virgin Islands.
Denmark is the top country with equity distributions on investments worth P416.4 billion; followed by the Netherlands, P336.9 billion; Switzerland, P310.74 billion; and Singapore, P230.38 billion.
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